Financial Performance - Total revenue for 2024 was $3.5 billion, a 3% year-over-year increase, with a 6% increase on a foreign exchange neutral basis[4] - Operating income for 2024 was $823 million, a decline of 10% year-over-year, resulting in an operating income margin of 24%[4] - The number of payers decreased by 5% year-over-year to 14.9 million, while revenue per payer (RPP) increased by 8% year-over-year to $19.12[4] - In Q4 2024, total revenue was $860 million, down 1% year-over-year, with a 4% decline in payers to 14.6 million[6] - Tinder's total revenue for 2024 was $1.99 billion, a 1% increase year-over-year, despite a 7% decline in payers to 9.7 million[10] - Hinge's direct revenue grew by 39% year-over-year to $550 million, driven by a 23% increase in payers to 1.5 million[12] - Evergreen and Emerging brands saw a 7% decline in direct revenue to $643 million, attributed to a 13% decrease in payers to 2.7 million[18] - Total Revenue for Q4 2024 was $860.2 million, a decrease of 0.6% year-over-year (Y/Y) from $866.2 million in Q4 2023[32] - Direct Revenue for Q4 2024 was $67 million, down 9% Y/Y, with a 13% decline in RPP to $21.95, partially offset by a 4% increase in Payers to 1.0 million[22] - Adjusted Operating Income for Q4 2024 was $61 million, a decline of 2% Y/Y, with an Adjusted Operating Income Margin of 21%[22] - For Q1 2025, Total Revenue is expected to be between $820 million and $830 million, down 3% to 5% Y/Y[26] - Full Year 2025 Total Revenue guidance is $3,375 million to $3,500 million, reflecting a decrease of 3% to an increase of 1% Y/Y[26] Cash Flow and Share Repurchase - Operating cash flow for 2024 was $933 million, with free cash flow at $882 million, of which 85% was used for share repurchases[4] - The company repurchased $753 million of stock in 2024, representing 22.2 million shares, with $1.75 billion remaining available for repurchase[4] - The company plans to return at least 100% of Free Cash Flow to shareholders through dividends and share repurchases[26] - Free Cash Flow for 2024 was $882 million, with an expected conversion rate of approximately 81% of Adjusted Operating Income[28] - Cash and cash equivalents as of December 31, 2024, were $971 million, with long-term debt totaling $3.9 billion[30] - The company repurchased 22.2 million shares for $753 million in 2024, with a new repurchase program authorized for up to $1.5 billion[29] - The net cash provided by operating activities for the year ended December 31, 2024, was $932,719,000, leading to a free cash flow of $882,141,000[38] Assets and Liabilities - Total assets decreased to $4,465,771 thousand in 2024 from $4,507,886 thousand in 2023, a decline of approximately 0.9%[33] - Long-term debt remained stable at $3,848,983 thousand in 2024, compared to $3,842,242 thousand in 2023, showing minimal change[33] - Total current liabilities increased to $549,461 thousand in 2024 from $531,768 thousand in 2023, an increase of approximately 3.3%[33] Earnings and Margins - Net earnings for 2024 were $551,313 thousand, down from $651,472 thousand in 2023, representing a decrease of about 15.4%[34] - Adjusted operating income for the total Match Group was $323,944 thousand for the three months ended December 31, 2024, compared to $361,596 thousand for the same period in 2023, a decrease of about 10.4%[35] - Revenue for the total Match Group was $860,176 thousand for the three months ended December 31, 2024, slightly down from $866,228 thousand in 2023, a decrease of approximately 0.8%[35] - The operating income margin for the total Match Group was 26% for the three months ended December 31, 2024, compared to 30% in the same period of 2023[35] - The operating income for Tinder was $889,222,000, with an adjusted operating income of $1,017,023,000, resulting in an adjusted operating income margin of 51%[36] - The operating income margin for Match Group in 2024 was 24%, while the adjusted operating income margin was 36%[36] Future Outlook - For the forecasted year ending December 31, 2025, Match Group expects revenue between $3,375,000,000 and $3,500,000,000, with an adjusted operating income forecast of $1,232,000,000 to $1,278,000,000[39] - The forecasted operating income for the first quarter of 2025 is estimated to be between $155,000,000 and $160,000,000, with an adjusted operating income margin projected at 32%[39] - The forecasted net cash provided by operating activities for the year ending December 31, 2025, is expected to be between $1,055,000,000 and $1,075,000,000, with free cash flow projected at $1,000,000,000 to $1,030,000,000[40] Operational Insights - The company plans to test AI-curated recommendations and a double-dating feature in 2025 to enhance user engagement[10][12] - Direct Revenue includes both subscription and à la carte revenue received directly from end users, while Indirect Revenue is primarily advertising revenue[58][59] - Payers are unique users from whom Direct Revenue is earned, with potential duplicates across brands within the Match Group portfolio[60] - Revenue Per Payer (RPP) is calculated as Direct Revenue divided by the number of Payers, providing insight into average monthly revenue[61] - Stock-based compensation expense increased to $267,381 thousand in 2024 from $232,099 thousand in 2023, an increase of approximately 15.2%[34] - Amortization of intangible assets and impairments of goodwill are non-cash expenses primarily related to acquisitions, reflecting costs incurred by the acquired company[57] - Leverage on a gross basis is calculated as principal debt balance divided by Adjusted Operating Income, while net leverage accounts for cash and short-term investments[62] - Forward-looking statements regarding Match Group's future financial performance and business prospects are subject to uncertainties and risks, including competition and user growth[63] - Match Group operates a diverse portfolio of brands including Tinder, Hinge, and OkCupid, aimed at enhancing user connections globally[64]

Company focused on execution of Investor Day plan including harnessing product innovations, especially with AI, to create more personalized, engaging, and authentic dating experiencesDALLAS, Feb. 4, 2025 /PRNewswire/ -- Match Group (NASDAQ: MTCH) today announced financial results for the fourth quarter and full-year ended December 31, 2024. "We had a strong finish to the year and are seeing solid peak season new user trends. We met our full-year 2024 AOI margin target through disciplined financial manageme ...

DALLAS, Feb. 4, 2025 /PRNewswire/ -- Match Group's Board of Directors (NASDAQ: MTCH) today announced that Spencer Rascoff has been named Chief Executive Officer, effective immediately. Match Group's portfolio of over 20 brands includes category-leading global dating apps Tinder, Hinge, OkCupid, and Pairs. Rascoff, who has served as a member of Match Group's Board since March 2024, succeeds Bernard Kim, who is stepping down as CEO and as a member of the Board. Spencer Rascoff Rascoff is a seasoned techn ...

Match Group (MTCH) is set to report its fourth-quarter 2024 results on Feb. 4.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for fourth-quarter 2024 revenues is pegged at $856.04 million, suggesting a decrease of 1.18% from the year-ago quarter’s reported figure.The consensus mark for earnings is pegged at 84 cents per share, which has moved down 2.3% over the past 30 days. The estimate indicates 3.70% year-over-year growth.The company’s earnings beat the ...

The market expects Match Group (MTCH) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Match To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Match between May 2, 2023 and November 6, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Jan. 23, 2025 /PRNewswire/ -- Faruqi & Faruqi, LLP, ...

Analyst Background and Focus - The analyst is a buy-side equity research analyst with a background in growth and technology investing, but the research focus is industry agnostic [1] - The newsletter aims to share compelling investment ideas with the general public [1] Analyst's Position and Disclosure - The analyst holds a beneficial long position in MTCH through stock ownership, options, or other derivatives [1] - The article expresses the analyst's own opinions and is not compensated by any company mentioned [1]

LOS ANGELES, Jan. 23, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Match Group, Inc. ("Match" or "the Company") (NASDAQ: MTCH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of MTCH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead pla ...

Match Group, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before January 24, 2025 to Discuss Your Rights - MTCH ...

Shareholders of Match Group, Inc. Should Contact Levi & Korsinsky Before January 24, 2025 to Discuss Your Rights - MTCH ...